SEC Form 4 · accession 0001214659-15-007926
NEULION, INC. · NLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gabriel Battista
Director
Period of report
Nov 19, 2015
Accepted (ET)
Nov 20, 2015 · 2:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001387713
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class 3 Preference SharesF1 | Nov 19, 2015 | J | 103,061 | $0.00 | D | 0 | I | By The Gabriel A. Battista Revocable Trust Under a Trust dated August 22, 2006 |
| Common StockF1 | Nov 19, 2015 | J | 137,487 | $0.00 | A | 237,487 | I | By The Gabriel A. Battista Revocable Trust Under a Trust dated August 22, 2006 |
| Common Stock | holding | — | — | — | 361,125 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On November 19, 2015, NeuLion, Inc. (the "Company") executed a Conversion and Settlement Agreement with the holders of its Class 3 and Class 4 Preference Shares (collectively, the "Preference Shares"), whereby these holders agreed to convert their Preference Shares for (i) shares of the Company's common stock, on a 1-to-1 basis, and (ii) aggregate consideration totaling $4,130,600 paid in the form of 8,176,210 shares of the Company's common stock (the "Additional Shares"). In the transaction, the Reporting Person received 103,061 shares of the Company's common stock pursuant to the conversion as well as 34,426 Additional Shares.